How can SAPs Financial Closing Cockpit streamline closing?
Summary
Both products contain similar functionality, but the cloud version includes a better user interface and also incorporates corporate closing and statutory reporting. Many organizations opt to deploy complementary third-party products in addition to FCC or AFC so they can automate account reconciliation tasks and improve auditability. For example, a user might assign an item a timing offset of negative 5, which means the team can start the task five days before the end of the period. FCCs dashboard offers real-time data about each day of the closing process, with sorting and filtering options to display the information by region, entity or person responsible. FCC and AFC work with non-SAP systems and are candidates for virtually any project that requires a detailed list of tasks, timelines and dependencies.